WTI crude oil continues to rise Recently, it increased by almost 3%, breaking through the $76 level amid concerns about tight oil conditions. after Turkey ordered the closure of Jehan port after the big earthquake
At 11:25 pm Thai time, West Texas Crude Oil Contract (WTI) for delivery in March. Which trades on NYMEX plus $ 2.14, or 2.94%, to $ 76.25 / barrel.
Jayhan Port is a major port that exported more than 1 million barrels of crude oil per day in January. or 1% of the world’s crude oil supply And most of it is sent to oil refineries in Europe.
In addition, oil prices have been boosted by the opening of China. This will support domestic oil demand.
Investors have been following comments from Federal Reserve Chairman Jerome Powell for signs of the Fed’s interest rate direction. He is expected to speak at a forum hosted by the Economic Club of Washington later this evening.
Meanwhile, markets are keeping an eye on the American Petroleum Institute (API) US crude stocks release today, while the US Energy Information Administration (EIA) will release tomorrow.
